The global volunteer event, which is being held today, will see XL employees donating over 20,000 hours of service in more than 20 locations worldwide. Most of the Company's staff will spend the business day working on a variety of charitable projects and activities. While education is the primary focus of XL's global Corporate Social Responsibility ("CSR") program, the Global Day of Giving projects have largely been driven by employee ideas and an assessment of needs in each location.
XL President and Chief Executive Officer Brian M. O'Hara said: "The Global Day of Giving fits with our overall CSR program, in which we aim to support initiatives and programs within the communities that we operate, increase our support for employee volunteerism and raise awareness of social issues. It also reflects XL's core values - respect, ethics, excellence, development and teamwork."
Among the range of Global Day of Giving projects that are taking place around the world today, employees will be:
Buenos Aires, Argentina - Helping to build a library and playroom, and paint and outfit study rooms with desks and materials for the Maria & Jose Institutional House for children.
Hamilton, Bermuda - (XL's global headquarters) Attending a variety of projects including painting a homeless shelter, caring for animals at an animal shelter, assisting with a woodland restoration project and refurbishing a children's reading/play room at a family centre.
Toronto, Canada - Assisting the Kiwanis Boys and Girls Club, an after school program for children. Volunteers will be helping to restore the club, as well as providing books, designing a craft workshop and outfitting and cleaning its gymnasium.
Bogota, Colombia - Working with a charity, Fundacion Vida Nueva (New Life Foundation), to pay for and build homes for women who have been rescued off the streets and who receive rehabilitation and education.
Gurgaon, India - Joining hands with SOS Children's Village, an organization committed to caring for orphaned and abandoned children, by spending a day at one of the SOS villages. Employees will oversee activities for the children, such as storytelling sessions, general knowledge quizzes, computer basics lessons and teamwork games.
New York, New York - Assisting with the Junior Achievement of New York program, dedicated to educating young people about business, economics and entrepreneurship. XL volunteers will bring their skills to the classroom by teaching business skills for the day.
Exton, Pennsylvania - Conducting a clean- up on a five-mile portion of the Appalachian Trail.
Zurich, Switzerland - Supporting the Theodora Foundation by assisting at information desks and distributing brochures at various shopping centers. The foundation organizes and trains artists to entertain children in hospital.
London, United Kingdom - Abseiling down their office building! The employees' brave efforts required sponsorship in order to support schemes to help young offenders and the underprivileged make positive changes to their lives.
XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of March 31, 2006, XL Capital Ltd had consolidated assets of approximately $58.8 billion and consolidated shareholders' equity of approximately $8.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.